Course Objectives

• This Course Objective Hasn't Been Provided Yet

Target Audience

This course is designed to equip central bankers to meet these challenges.

Course introduction

• Introductions and welcome from the chairperson
• Overview of the training course
• Discussion of the delegate expectations

New challenges across the currency lifecycle

• The state of the art of currency management in 2022 (and lessons from 2021)
• New roles and responsibilities facing currency managers
• Key forces and dynamics shaping the currency lifecycle
• The impact and implications of disruptive technological innovation

Digital money: are CBDCs, stablecoins and crypto assets threats or opportunities?

• Overlaps and differences between privately issued crypto assets and CBDCs
• Understanding the impacts on central banks mandates and responsibilities
• Implications for central banks
• Discussion: How can currency managers harness technological innovation?

Case study: How has the currency department at the Bank of Israel addressed Covid-19?

• Assessment of cash demand pre and post Covid-19
• Examples of increase cash usage
• Long term impact of Covid-19 on cash demand
• Case study: steps taken by the Bank of Israel during Covid-19

Substrate choice: security, acceptability, economy and longevity

• Overview of different substrate types
• The role of the substrate in a new series planning, design and introduction
• Frameworks and indicators for the evaluation of a new substrate
• Discussion: what do you expect from a banknote substrate?

Currency management: a risk assessment

• Overview of risk management concepts
• Risks and incidents that can threaten the business continuity of cash and issue departments
• Risk assessment, contingency planning and crisis management
• Case studies for discussion

Cash circulation, distribution and destruction: what to outsource, when and how?

• Overview of logistical realities for circulation and distribution of cash
• Tips for innovation in cash processing functions
• Examples of successfully implemented cost saving strategies
• Discussion: what to outsource, when and how?

Anti-counterfeiting and education strategies - case study

• Key features of modern central bank cash management methods
• Innovative approaches to the selection of banknote security features: counterfeit analysis
• Tips for central banks to best equip citizens to identify and report counterfeits
• Case study: approaches to counterfeit deterrence

Counterfeiting technology: what are the major threats?

• Overview of banknotes and security printing trends
• Practicalities faced in designing and issuing new notes
• The art of anti-counterfeiting: resilience testing and feature selection for future series
• Dealing with counterfeit notes: detection and impounding

Engaging. Storytelling. Developing visual content for new bank notes

• Opportunity to reflect national culture, values and aspirations in bank note design.
• Engaging stakeholders throughout the design process.
• Creating meaning through storytelling and thematic planning.
• Visual content as a key contributor to confidence and pride.
• Discussion: What stories do your bank notes tell? How are they meaningful?

Financial inclusion and the future of cash in Spain

• Use of cash as a means of payments
• The digital gap and the risk of financial exclusion
• Access to cash infrastructure
• Cash acceptance
• Access to cash vulnerability
• Initiatives to guarantee financial inclusion

Environmental and sustainability practices: where can currency managers contribute?

• Overview of the environmental impact of banknotes
• Strategies to reduce the carbon footprint of banknote production
• Examples of production, circulation and destruction of greener banknotes
• Discussion: How can central banks contribute in greening production of banknotes?

Closing remarks and delegate action plans

Concluding session led by the chair

• Summary of the course
• Discussion of the observed trends and case studies
• Application of learning points in the delegates’ home organisations
• Preparation of action points

This course hasn't been scheduled yet, however you can request for In-House training